Data centre operator AirTrunk says has secured $850 million in financing to undertake a â€śmajor expansionâ€ť of its Sydney and Melbourne data centres.
â€śWe saw a substantial amount of global interest in AirTrunk throughout the process, and are delighted to complete this financing arrangement with Deutsche Bank,â€ť the companyâ€™s founder and CEO, Robin Khuda, said in a statement.
â€śTogether with the new capital recently contributed by our shareholders, the new funds put us in a strong position to meet the growing demand from large cloud, content and enterprise customers in the Asia-Pacific region.â€ť
The financing will also be used to expand across â€śkey Asia-Pacific markets,â€ť the company said.
â€śAirTrunk continues to pursue its ambition to be the leader in hyperscale data centres for the region,â€ť Khuda said. â€śThe expansion in Australia will establish AirTrunk as the largest data centre operator in Australia by deployed capacity and we continue to pursue aggressive growth opportunities across the Asia-Pacific region.â€ť
AirTrunk in September officially launched its first data centre,Â in Huntingwood in Sydneyâ€™s west.
The campus-style 64,000 square metreÂ facility is being rolled out in phases and will eventually have a capacity of 90 megawatts.
In November, the ribbon was cut on a Melbourne AirTrunk data centre, which will eventually offer 84 megawatts of capacity.Â
The Melbourne facility is located in Derrimut, 18 kilometres west of Melbourneâ€™s CBD.
Khuda last year said that AiTrunk had regional ambitions and was looking at potentially expanding into â€śtier oneâ€ť markets including Singapore, Hong Kong, Japan and South Korea.
The CEO said during the launch of the Sydney data centre that the company had a team of people based out of Singapore.